June 15, 2024
European Telerehabilitation Systems Market

The European Telerehabilitation Systems Market is Driven By Surging Prevalence Of Chronic Diseases

Telerehabilitation systems enable remote delivery of rehabilitation therapies and services to patients suffering from chronic diseases and disabilities across Europe. Telerehabilitation systems involve use of telecommunication and virtual reality technologies to help clinicians assess, monitor, and treat patients remotely. These systems allow physical therapists to administer treatments, review exercises performed by patients, and provide guidance on therapies from a remote location. This not only improves access and continuity of care for patients living in rural areas with limited clinical resources but also helps manage heavy caseloads of therapists more efficiently.

The global Europe Telerehabilitation Systems Market is estimated to be valued at US$ 125 million  in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the Europe telerehabilitation systems market is the increasing adoption of virtual reality and artificial intelligence. VR and AI technologies are being integrated into telerehabilitation systems to enhance the efficacy of treatments. For instance, VR allows immersive simulation of real-world environments and scenarios to help patients through exposure therapy for conditions such as stroke, Parkinson’s disease, and phobias. Meanwhile, AI assists in automated analysis of exercises performed by patients, identification of deviations from prescribed movements, and delivery of personalized feedback in real-time. This helps improve engagement as well adherence to therapy regimens. VR and AI technologies have great potential to transform telerehabilitation and further drive the European market during the forecast period.

Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the telerehabilitation systems market requires significant capital investments for research and development.

Bargaining power of buyers: The bargaining power of buyers is high due to the availability of alternative rehabilitation options.

Bargaining power of suppliers: The bargaining power of suppliers is moderate since there are few raw material suppliers.

Threat of new substitutes: The threat of new substitutes is low as telerehabilitation offers convenience that cannot be replicated easily.

Competitive rivalry: The competitive rivalry is high among existing players due to their large number and equal distribution of market share.

Key Takeaways
The Global Europe Telerehabilitation Systems Market Size is expected to witness high growth.

Regional analysis shows that Western Europe is the fastest growing regional market due to rapid adoption of telemedicine and telehealth practices.

Key players operating in the Europe Telerehabilitation Systems Market are PhysioTherapy Associates, LLC, Honeywell International Inc, Habilitative Technologies, Gowerlabs, Evolving Health, EasyTelemed, WebPT and CoRehab srl.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it